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Power of Siberia 2 talks collapse as China demands Russian domestic gas prices

Negotiations for the Power of Siberia 2 pipeline have failed, with China refusing to pay above Russian domestic gas prices. This undermines Russia's strategy to replace lost European gas revenues, leaving Gazprom with limited alternative export routes. The collapse signals a shift in energy leverage toward China and increases Russia's economic isolation.

Rzeczpospolita1 day agoCN, RUCredibility 29%View source

Score Breakdown

Mosaic Score8.2

Confidence0.5

Significance0.8

Source credibility0.3

Intelligence Tags

#gas #pipeline #russia #china #gazprom #energy-security

Locations

Power of Siberia 2 pipeline

Entities

countrycountry

Source

Part of 2 situations

developingEnergy1d ago

Power of Siberia 2 Gas Pipeline Negotiations Stalled Over Pricing

Negotiations for the Power of Siberia 2 pipeline are stalled due to a significant price disparity, with China demanding gas prices near Russia's subsidized domestic rates while Russia seeks higher export prices. This impasse delays a critical energy infrastructure project intended to diversify China's gas supply and offset Russia's lost European sales. The outcome will significantly influence regional gas pricing and Russia's economic leverage.

→ stable·↑2 signals·CN, RUScore 5.6

activeGeopoliticsClimate13h ago